Business Insurance
Minnesota lawmakers with both chambers on Monday introduced identical legislation that would make COVID-19 an occupational disease arising out of and in the course of employment.
Posted: Oct 13, 2020
Former Lockton Cos. LLC broker Bill Kost has teamed with Jatin Sharma and Brandon Statton from Bechtel to form Nardac Risk and Insurance Services, a specialist insurance broker serving the renewable energy, conventional power, infrastructure and tran...
Posted: Oct 13, 2020
Nardac Risk and Insurance Services, a specialist broker focused on renewable energy, conventional power, infrastructure and transport, launched on Tuesday.
Posted: Oct 13, 2020
Average premium renewal rates increased across most commercial lines of business in the third quarter, according to insurance exchange Ivans Insurance Services, a division of Tampa-based Applied Systems Inc.
Posted: Oct 13, 2020
Freeze! Nobody move! This is really bad television production planning.
Posted: Oct 13, 2020
The U.S. Supreme Court on Tuesday agreed to decide whether more than 100 technology disputes must be reheard because judges were unconstitutionally appointed to a U.S. Patent and Trademark Office tribunal in a case arising from a medical device paten...
Posted: Oct 13, 2020
Insured losses to onshore properties from Hurricane Delta will be close to $1.25 billion, Boston-based catastrophe modeler Karen Clark & Co. said in a statement Tuesday.
Posted: Oct 13, 2020
Aon PLC's unit Impact Forecasting LLC said storm Alex that struck France and Italy recently caused more than $3 billion worth of damage, making it the costliest catastrophe to hit Europe so far this year.
Posted: Oct 13, 2020
Hackers have asked for a ransom of $23 million from Germany-based Software AG after stealing employee information and company documents.
Posted: Oct 13, 2020
More than €85 million ($100.4 million) worth of products was stolen from air, road, sea and rail freight supply chains in 46 countries in the Europe, Middle East & Africa region in the first half of the year.
Posted: Oct 13, 2020
The Association of the German Insurance Industry has warned of a wave of bankruptcies as a result of the COVID-19 pandemic.
Posted: Oct 13, 2020
Australia's Bureau of Meteorology has issued a "severe weather outlook" from October to April for bushfires, heatwaves, floods, cyclones and storms.
Posted: Oct 13, 2020
A report by U.A.E.-based actuarial consulting firm Badri Management Consultancy said that Omani insurers' gross written premiums fell 4% year-over-year to 218 million Omani rial ($565 million) in the first half of 2020.
Posted: Oct 13, 2020
The COVID-19 pandemic is causing organizations to reevaluate how they manage enterprise risks, experts say.
Posted: Oct 13, 2020
The widow of a corrections officer failed to show that a workplace injury 12 years earlier was causally related to his heart failure and subsequent death.
Posted: Oct 12, 2020
Munich Re Specialty Insurance, the primary insurance unit of Munich Reinsurance Co., has named Elizabeth Kramer chief underwriting officer.
Posted: Oct 12, 2020
An Odyssey Group Holdings Inc. unit is not obligated to defend a courier service being sued for failing to reimburse its delivery drivers for employment-related expenses under the terms of its coverage, says a federal appeals court, in affirming a lo...
Posted: Oct 12, 2020
NFP Corp. acquired British broker Ernest R. Shaw Ltd. on Sept. 1, in a deal that expands its footprint in the European market, NFP said in a statement Monday.
Posted: Oct 12, 2020
Aspen Re taps former Axis Re exec for casualty role
Posted: Oct 12, 2020
A meter reader in Cathlamet, Washington, claimed she could not go back to work because of a dog bite and subsequent post-traumatic stress disorder was found to have six dogs at home and a different diagnosis — malingering — according to her doctor.
Posted: Oct 12, 2020
Lawmakers in New Jersey on Thursday introduced legislation that would make a COVID-19 infection compensable for workers in warehouses or distribution centers during a public health emergency declared by an executive order of the governor.
Posted: Oct 12, 2020
An insurer has filed a motion to dismiss a lawsuit filed by McDonald’s Corp. and two of its franchisees over the insurer’s refusal to defend them in COVID-19 litigation filed by the fast-food chain’s employees.
Posted: Oct 12, 2020
A group of English pub and night club owners plans to mount a legal challenge if the British government announces that hospitality and entertainment venues in northern England need to shut down to tackle the spread of COVID-19.
Posted: Oct 12, 2020
CMA CGM, the world’s fourth-largest container shipping group, said it has restored its online business services after a cyberattack last month paralyzed activity. France-based CMA CGM first reported the incident on Sept 28, saying it had shut down ac...
Posted: Oct 12, 2020
The United States Olympic and Paralympic Committee said on Friday it has filed a lawsuit against its insurance providers for failing to fulfill obligations in reaching a settlement with survivors of the Larry Nassar sexual abuse scandal.
Posted: Oct 12, 2020